Obama Declares "War" on Investors, Entrepreneurs & Business

Topspin said:
shit why don't you ask for the beer now, how bout you pick something related to tech periond and not annally rape me by checking out at the peak. LOL
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LOL... my bad!

Do you want to start at the Netscape IPO or sometime around there? I think that was '95 or '96.
 
Dungheap said:
Just for giggles, check out this column written by Kudlow back in 1993:


http://findarticles.com/p/articles/mi_m1282/is_n10_v45/ai_13800282


Edit: The last paragraph cracks me up:
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I don't really disagree with what he said. How different would Clinton's Presidency had been if his health care package or 'Hillarycare', however it is refered to, actually passed? Its failing helped lead to the Republican takeover of Congress and Clinton's move to the economic middle. Would that have happened had his health proposal passed? Without obviously knowing I would surmise it probably would not have.
 
cawacko said:
LOL... my bad!

Do you want to start at the Netscape IPO or sometime around there? I think that was '95 or '96.
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I'll do a little research and get back to you, I think some of the downfall should be included. IE. when we found out that everything with a dot.com in it's name wasn't going to make a trillion dollars.:clink:
 
Topspin said:
I'll do a little research and get back to you, I think some of the downfall should be included. IE. when we found out that everything with a dot.com in it's name wasn't going to make a trillion dollars.:clink:
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Haha, fair enough. From March 2000 on I think it pretty much went downhill.
 
Ice Dancer said:
That's bunk! With the number of lost deductions, increases in employer paid taxes, the AGI moves closer to gross earnings than net profit.

As to the investor class; where are the incentives that cause them to want to invest? Without investment, capital mobility stagnates and the whole economy falters. To get the economy moving Obama ought to be encouraging this group, i.e. small business and ivestors, to take more risks, not less. I believe his tax increases combined with decreases in deductions, will make small business's and investors pull back and hunker down. In short this a recipe for further economic down-turns not growth.
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What you are going to see in this economic atmosphere is a new set of entreprenuers who are the out of work individuals. This business class is the one we will need to cater to if we want this mess to end as quickly as possible. When Americans are at their best is when they have to bear down and get inventive. The New Bill Gates is about to be laid off. She will then turn to the only place she can find a job, she will invent it.
 
evince said:
What you are going to see in this economic atmosphere is a new set of entreprenuers who are the out of work individuals. This business class is the one we will need to cater to if we want this mess to end as quickly as possible. When Americans are at their best is when they have to bear down and get inventive. The New Bill Gates is about to be laid off. She will then turn to the only place she can find a job, she will invent it.
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That was the whole point of his post. He feels these new economic policies are not favorable to the entrepreneur you reference in your post.
 
http://wiki.answers.com/Q/What_was_the_average_income_for_small_business_owners_in_2005


Salary.com did a survey in 2006 of business owners and CEO's salaries. The survey shows that the average income is around $233,000. Note that this salary is in fact under the threshold that Obama would raise taxes on, so Obama will not raise taxes on the average small business owner. Also, this survey defined "small" as having 500 employees or less which is fairly liberal and certainly not what most Americans think of as a small business.
I believe this is incorrect:
I believe its $258,400.

"According to the survey, the national average salary for the CEO/Partner/Owner job function is $258,400"

I also believe Obama's thresdhold is $250k/$200k (Family/Single)

An important note also is that 98.1% percent of small-business filers have income too low to be subject to either of the top two tax rates. Since the floor of these is below $250,000, then 98.1% of small business filers will not see any increase with Obamas plan.

http://www.cbpp.org/8-29-08tax.htm
 
evince said:
http://wiki.answers.com/Q/What_was_the_average_income_for_small_business_owners_in_2005


Salary.com did a survey in 2006 of business owners and CEO's salaries. The survey shows that the average income is around $233,000. Note that this salary is in fact under the threshold that Obama would raise taxes on, so Obama will not raise taxes on the average small business owner. Also, this survey defined "small" as having 500 employees or less which is fairly liberal and certainly not what most Americans think of as a small business.
I believe this is incorrect:
I believe its $258,400.

"According to the survey, the national average salary for the CEO/Partner/Owner job function is $258,400"

I also believe Obama's thresdhold is $250k/$200k (Family/Single)

An important note also is that 98.1% percent of small-business filers have income too low to be subject to either of the top two tax rates. Since the floor of these is below $250,000, then 98.1% of small business filers will not see any increase with Obamas plan.

http://www.cbpp.org/8-29-08tax.htm
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Who is the "I" in the article? If Wiki is suppose to be answering how are they calling incorrect something they wrote themselves?
 
Its Wiki and someone added to the answer.

Note they answer the person gave make exceptions for types of businesses like construction and the like by allowing them higher incomes so they can still be considered a samll business.

The first explanation is ALL businesses no matter what industry.

The fact remains there are MORE small businesses that fall under the 250,000 mark
 
evince said:
http://wiki.answers.com/Q/What_was_the_average_income_for_small_business_owners_in_2005


Salary.com did a survey in 2006 of business owners and CEO's salaries. The survey shows that the average income is around $233,000. Note that this salary is in fact under the threshold that Obama would raise taxes on, so Obama will not raise taxes on the average small business owner. Also, this survey defined "small" as having 500 employees or less which is fairly liberal and certainly not what most Americans think of as a small business.
I believe this is incorrect:
I believe its $258,400.

"According to the survey, the national average salary for the CEO/Partner/Owner job function is $258,400"

I also believe Obama's thresdhold is $250k/$200k (Family/Single)

An important note also is that 98.1% percent of small-business filers have income too low to be subject to either of the top two tax rates. Since the floor of these is below $250,000, then 98.1% of small business filers will not see any increase with Obamas plan.

http://www.cbpp.org/8-29-08tax.htm
Click to expand...

So long as they are married and the single bread earner. If they are single they'll get hosed, or if they are married and their spouse earns an income.
 
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